Solaris Resources (TSE:SLS) Shares Up 2.7% – Still a Buy?
by Kim Johansen · The Markets DailyShares of Solaris Resources Inc. (TSE:SLS – Get Free Report) rose 2.7% during trading on Thursday . The company traded as high as C$11.64 and last traded at C$11.52. Approximately 408,731 shares were traded during mid-day trading, a decline of 11% from the average session volume of 456,861 shares. The stock had previously closed at C$11.22.
Solaris Resources Price Performance
The firm has a market capitalization of C$1.92 billion, a PE ratio of -60.63 and a beta of 1.72. The stock’s 50 day simple moving average is C$13.58 and its two-hundred day simple moving average is C$12.75. The company has a debt-to-equity ratio of -0.74, a quick ratio of 1.29 and a current ratio of 3.28.
Solaris Resources (TSE:SLS – Get Free Report) last posted its quarterly earnings results on Thursday, March 26th. The company reported C$0.10 earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Solaris Resources Inc. will post -0.31 EPS for the current year.
About Solaris Resources
Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit with over 1.3 billion tonnes of Mineral Reserves and outstanding economics driven by high-grade, near-surface mineralization and a world-class strip-adjusted grade. Warintza stands out for its scale, simplicity, and strong community partnerships built through formal agreements and inclusive engagement.